Bruegel's Tagliapietra on EU Gas Price Cap

The video discusses the European Commission's proposed gas price cap, highlighting concerns about its effectiveness and potential political friction. It suggests that the EU should focus on creating a European energy crisis fund to support vulnerable families and businesses. The video also covers the oil price cap discussions from the G7, aimed at softening the European embargo on Russian oil, and the importance of enforcing this cap with international cooperation.

What is the main concern about the European Commission's proposed gas price cap?

• It will increase gas prices.

• It will never be used and may cause political friction.

• It will lead to an oversupply of gas.

• It will strengthen Europe's energy security.

What alternative to the gas price cap does the speaker suggest?

• Focusing on other instruments to tackle the energy crisis.

• Increasing gas imports from Russia.

• Implementing a universal energy tax.

• Building more nuclear power plants.

What is the purpose of the proposed European energy crisis fund?

• To build new gas pipelines.

• To subsidize fossil fuel companies.

• To provide loans to countries with limited fiscal space.

• To invest in renewable energy projects.

How does the oil price cap aim to affect the European embargo on Russian oil?

• By reducing the price of oil globally.

• By completely banning Russian oil imports.

• By allowing European companies to insure Russian tankers under certain conditions.

• By increasing the import of Russian oil.

What is necessary for the oil price cap system to work effectively?

• Increased production of oil within Europe.

• A complete ban on all oil imports.

• Secondary sanctions from countries like the United States.

• Cooperation from Asian countries to increase oil imports.